Court orders suspension of Seplat Energy Coy MD, directors, secretary

A Federal High Court, Abuja, on Thursday, suspended the managing director, directors and secretary of the Board of Seplat Energy Plc, pending the hearing and determination of motion on notice filed by three aggrieved shareholders.Justice Inyang Ekwo, in a ruling, also gave an order compelling the Securities and Exchange Commission (SEC) to constitute and appoint suitable persons to run the affairs of the oil company, pending the hearing and determination of the motion on notice filed by the shareholders.Justice Ekwo further gave an order restraining them, their agents, personal representatives,…

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